U.Today - It is too early to talk about a bounce back, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
The price of DOGE has dropped by 2.28% over the last 24 hours.
On the hourly chart, the rate of DOGE is bearish as it is about to test the support of $0.09861. If buyers fail to seize the initiative by the end of the day, the breakout may lead to a more profound correction to the $0.098 range.
The price of DOGE keeps falling after a false breakout of the resistance of $0.1025. If today's candle closes near its low, the decline may continue to the $0.096 area.
The situation is similar on the weekly time frame.
If the current bar closes below the previous one, the correction may lead to a test of the support level of $0.09136 next week.
DOGE is trading at $0.09871 at press time.
This content was originally published on U.Today
